Reply to Overpriced house - lowball offer or wait?

Forum Index » Real Estate

Reply to "Overpriced house - lowball offer or wait?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Help me understand this.  Let's say OP pays $100k more for this house rather than waiting or buying another house that's priced correctly.  When it comes time to sell, won't OP walk away with $100k less?[/quote]

I always hear people saying an extra $50k or $100K is nothing because the difference in your monthly payment is negligible.  But what about when it's time to sell?  If you borrow $100K more, then when you sell you will have $100k less in appreciation and will come away with $100k less in your pocket, right?  Or am I missing something?[/quote]

The difference in your mortgage payment of $50-100K is not negligible to most people. It easily equals several hundred dollars a month. Some of us budget and dont want throw money away, even if we have it.  [/quote]

Omg, that's a REALTORS best gimmick, "Oh, pay more because your money payments go up XYZ, isn't that fine!"
Overpaying at any time suks, bad. Paying a couple hundred more $$$ per month of interest because your realtor wouldn't fight for your interests suks bad too.

And yes, overpay on the entry means less profit on the exit. Any appreciation will go towards getting your property to fair market value first, then profit (less sales fees/taxes). [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics